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Texas Businesses Brace for 2026 Tariff Fallout

9/26/2025

47 9 Full Breakdown

Summary

Story summary

Tariffs' full impact remains delayed; effects expected to materialize in 2026.
60-70% of Texas businesses report negative tariff effects, contradicting administration claims.
Organisation for Economic Co-operation and Development (OECD) forecasts U.S. GDP growth falls 1 point in 2025 due to tariffs and anti-immigration policies.
CFOs foresee 4.4% higher costs this year, with tariffs contributing 1.7 percentage points and higher prices.

History

Historical Context

The Smoot-Hawley Tariff Act of 1930 raised U.S. tariffs significantly, resulting in a 30% decline in international trade and contributing to the Great Depression. Today, similar protectionist measures are forecasted to reduce U.S. GDP growth by 1% in 2025, with 60-70% of Texas businesses reporting negative impacts, highlighting the enduring consequences of such economic policies.

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Story summary

Tariffs' full impact remains delayed; effects expected to materialize in 2026.
60-70% of Texas businesses report negative tariff effects, contradicting administration claims.
Organisation for Economic Co-operation and Development (OECD) forecasts U.S. GDP growth falls 1 point in 2025 due to tariffs and anti-immigration policies.
CFOs foresee 4.4% higher costs this year, with tariffs contributing 1.7 percentage points and higher prices.

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